1022 E 22Nd StPatersonNJ07513
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Paterson at 1022 E 22Nd St, Paterson, NJ, 07513 generates $2,708/mo in rent, after a $3,426/mo payment. Total monthly income is $2,708/mo. Return on cash invested sits at 8.17% in year one, and rental yield is 4.64% on a $699,900 entry. Equity gained on principal adds $4,516/yr, while 5% annual appreciation builds toward $193,369 over five years. Five-year ROI reaches 41.11% and total cumulative return in cash sums $94,652. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,708/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07513, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,844 (100%) |
| Owner Occupied HU | 1,063 (27.7%) |
| Renter Occupied HU | 2,586 (67.3%) |
| Vacant Housing Units | 195 ( 5.1%) |
| Median Home Value | $448,869 |
| Average Home Value | $464,090 |
Housing Distribution
Address Breakdown
Residential
2,687
Single Family
2,545
Multi-Family
142
Businesses
238
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Listed by: Stephanie Cruz • Realty One Group Living
Mls Name: GSMLS
Mls ID: #4000798